BTC
-1.82%
75,025.00
USD
▼
MXN ≈ 1,303,845
theguardian.com
Energy bills to grow by more than £200 a year for millions as Ofgem increases price cap – business live
Rolling coverage of the latest economic and financial newsShares in oil company BP are still falling today, down 0.9%, after the company told investors yesterday that it had removed its chair Albert Manifold over “serious” governance and conduct concerns.Manifold told Bloomberg News last night that he was fired without warning or explanation, and would challenge the company’s version of events.I was removed without warning and without explanation. During my time as chairman I worked to drive genuine change at BP – cutting costs, challenging excess, and holding the organisation to higher standards. The board’s statement [yesterday] acknowledged the focus and pace I brought. I dispute entirely the characterisation of my conduct and I will not allow a false narrative to go unchallenged.” Continue reading...
cnbc.com
Dulux maker's stock soars 15% after takeover bid from major rival; oil holds below $100
European stocks were in positive territory on Wednesday as regional investors assess the latest military operations against Iran.
cnbc.com
Russia to allow its central bank to down drones as Moscow struggles to defend against attacks
Russia's State Duma has passed a law allowing certain financial institutions to operate anti-drone defense systems after attacks on its territory.
bbc.com
Energy bills to rise for millions as impact of Iran war hits
A household using a typical amount of energy will pay £221 a year more, under the regulator's new price cap.
bbc.com
'I've given up eating hot meals to pay energy bills to keep my son alive'
More than half of parents of disabled children and young people are skipping meals to pay their bills.
cnbc.com
SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks
Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.
cnbc.com
Asia-Pacific markets trade mixed as investors weigh Iran tensions and ceasefire talks
Asia-Pacific markets traded mixed on Wednesday as investors assessed recent U.S. military action in Iran.
theguardian.com
The establishment reaction to Andy Burnham’s rise is a sign of the fight to come | Clive Lewis
The old settlement will not politely bow out for its replacement – which is why progressives must take action on these three frontsVery often, I find, science fiction names what politics struggles to. In James SA Corey’s series of novels the Expanse, the violent dystopian streets of Baltimore are given a name for what happens when the old order breaks down faster than people can describe it: the Churn. It is the brutal reorganisation of power, when familiar rules collapse and those who survive are the ones who read the signs early.Britain is in one now. In fact, two churns are happening at once.Clive Lewis is the Labour MP for Norwich SouthClive Lewis will be speaking about these issues and more with Andy Burnham at Change Now! Mobilising the Progressive Majority Continue reading...
theguardian.com
‘It’s getting hotter and it’s not stopping’: dealing with the heat in five of Europe’s capitals
Tourists and locals in Madrid, Paris, London, Dublin and Berlin share their experiences of the unseasonable May temperaturesIn recent days across parts of Europe, temperatures have soared, heat records have been broken and spring has felt more like the height of summer. Météo France, the French national weather service, has attributed this to a “heat dome”, with warmth held in place by a high-pressure weather front that has produced temperatures more than 10C above what used to be usual for this time of year.Human-caused climate breakdown is supercharging extreme weather around the world, driving deadly extremes that can strike at abnormal times in unusual places and claim lives. Continue reading...
theguardian.com
BHP admits to stalled emissions reductions as WA premier says miners have ‘moral obligation’ to decarbonise
Head of BHP’s WA iron ore operations unable to give firm timeline for replacing diesel trucks as leaked documents reveal decarbonisation delayRead more from the BHP files investigation hereGet our breaking news email, free app or daily news podcastA senior BHP executive has admitted the Australian multinational’s push to reduce emissions has been delayed as the Western Australian premier, Roger Cook, said big miners had an “important moral obligation” to decarbonise.An exclusive investigation based on documents leaked to the Guardian and ABC revealed this week that the world’s biggest miner has hit the brakes on decarbonisation, something experts fear could put Australia’s national emissions reductions targets at risk. Continue reading...
theguardian.com
Energy price cap in Great Britain to rise by 13% from July
Average gas and electricity bill to jump to £1,862 a year from July until end of September, in part because of Iran warBusiness live – latest updatesHouseholds will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government’s energy price cap for Great Britain to climb by 13%.Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran, up from £1,641 a year in April to June. Continue reading...
theguardian.com
Kiln-free recycled tile startup agrees pilot deal with major UK supplier
Dekiln to scale up its low-carbon technology with Johnson Tiles, in boost for struggling British ceramics industryA Manchester-based startup that makes ceramic-like tiles from waste without needing an energy-hungry kiln has teamed up with one of the UK’s biggest tile suppliers to launch a pilot project to scale up the technology.Dekiln, run by the biomaterials engineer Aled Roberts, is joining forces with Johnson Tiles to set up a trial manufacturing site in Stoke-on-Trent, the historic home of British ceramics. Continue reading...
bbc.com
'Bullying' and 'overbearing' behaviour behind abrupt BP chairman removal
BP declined to comment on whether bullying behaviour was part of the reason for his immediate dismissal.
cnbc.com
CNBC Daily Open: The $1 trillion club just got bigger
South Korea's SK Hynix and U.S. chip firm Micron become the latest companies to top $1 trillion in market capitalization as the AI rally resumes.
cnbc.com
CNBC UK Exchange newsletter: A UK 'wealth tax' is fraught with complications
Labour's Wes Streeting wants to raise the rate at which capital gains are taxed into line with the higher and top rates of income tax.
bbc.com
Farmers' warning as milk prices fall below cost
Farmers worry more family farms will be sold unless dairy prices rise quickly.
bbc.com
We want everyone to use our 'very green grocery'
A charity selling over supplies and damaged stock say they want to cut waste and help people live.
bbc.com
Children's meals to be cheaper under VAT cut
The cost of children's meals in restaurants is set to come down as VAT on some items is cut to 5%.
theguardian.com
Britain’s green transition should belong to everyone. Why is Labour so intent on stopping us having our say? | George Monbiot
Tearing up planning and using protest laws to criminalise local people – this isn’t how to build the broad consent neededWe will not persuade. We will not explain. We will not listen. We know best and we will force you to comply. This, I’m sorry to say, is how the government’s climate policy works. Or rather, how it doesn’t. Because nothing could be better calculated to alienate the people you need to reach than climate authoritarianism.Three astonishing things are happening simultaneously. One is the government’s utterly baffling failure to communicate with us on this existential issue. Where are the public information videos? Where are the televised emergency briefings on climate breakdown, like the emergency briefings on Covid-19?George Monbiot is a Guardian columnist Continue reading...
cnbc.com
European companies double down on China manufacturing despite EU de-risking push
Low manufacturing costs in China are keeping many European businesses' supply chains in the country despite pressure in the EU to reduce overseas reliance.
bbc.com
Ferrari shares slump after it unveils first fully electric car
The new Luce model has divided opinion on social media, and comes despite intense pressure from Chinese EV makers.
theguardian.com
How the plastic bottle cap became a parable for the value of EU regulation | Alberto Alemanno
Supporters of deregulation want Europe to be more like the US. But that would serve only American interestsIn July 2024, a European Union law came into force requiring plastic bottle caps to remain attached to their bottles. The regulation was widely mocked by social-media jokesters and Silicon Valley billionaires alike. This, people said, was Brussels at its worst: bureaucrats micromanaging, treating citizens like children who couldn’t be trusted to recycle a cap.What went almost entirely unreported was the evidence behind it. Plastic bottle caps have been identified, across decades of coastal cleanup data, as among the top items found littering European beaches. Small, light and made from a different plastic than the bottle itself, the caps float independently once separated, travelling far longer distances than the bottles they came from. They are far more likely to be swallowed by seabirds, fish and marine turtles who mistake them for food. Continue reading...
cnbc.com
China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds
China’s industrial profits grew at their fastest pace in over two years in April, buoyed by stronger exports, higher producer prices and gains in upstream industries.
bbc.com
Booming AI chip demand helps create two new $1tn club members
SK Hynix and Micron are the latest tech firms to join the growing list of stocks with mega valuations.
theguardian.com
‘Catnomics’: how Japan’s feline fixation has become an industry worth billions
Their influence is evident in every corner of society, the imperial family owns some, and Tokyo even has its own ‘cat town’Feline features stare out from the covers of umpteen novels, they have an officially designated day devoted to their mystique and popularity, and have outnumbered dogs as pets for a decade.The influence of cats is evident across every corner of Japanese society, with a recent report crediting them with generating an expected ¥3tn ($18.8bn) in value to the Japanese economy this year – a phenomenon dubbed “catnomics”. Continue reading...
bbc.com
Champion ethical hacker warns AI tools like Mythos will make competing harder
Chompie, one of the world's tops ethical hackers, says AI like Claude Mythos will make it harder for people like her to compete.
bbc.com
Instagram betting ads featuring Kane and Haaland banned
The advertising watchdog said the adverts featuring top footballers had a strong appeal to under-18s.
cnbc.com
Federal judge had sex in chambers with high-ranking police officer, panel says
The judge sits in a district court in either Alabama, Georgia or Florida, but their name is being kept secret by a disciplinary panel.
cnbc.com
SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq
With SpaceX headed for the public markets next month, industry experts and people close to Elon Musk are speculating about a potential tie-up with Tesla.
bbc.com
Better WiFi for hundreds of trains under government plans
Campaigners welcome the move but say passengers are mostly worried about train fares and delays.
cnbc.com
Trump officials split over Pope Leo’s AI warning as Vatican feud enters new front
Pope Leo XIV’s AI warning shows split among Trump officials as the White House resists new guardrails, upping stakes with Catholic voters and Silicon Valley allies.
theguardian.com
Tony Blair tells Starmer and rivals: abandon net zero and move closer to Trump
In highly unusual intervention, ex-PM says his party’s ‘almost infinite capacity for self-delusion’ makes it likely to lose next electionAnalysis: Tony Blair’s essay on Labour failings gets full marks for being unhelpfulTony Blair has accused Keir Starmer, Andy Burnham and Wes Streeting of putting Labour’s future at risk by abandoning the centre ground, warning that the party’s “almost infinite capacity for self-delusion” means it is likely to lose the next election.In a scathing 5,700-word attack on the prime minister and his would-be successors published on Tuesday night, Blair argued for the government to crack down on welfare spending, abandon restrictions on oil and gas and smooth relations with Donald Trump. Continue reading...
theguardian.com
Tony Blair’s essay on Labour failings gets full marks for being unhelpful
Intervention by former PM almost feels designed to inflict maximum annoyance on his partyTony Blair tells Starmer and rivals: abandon net zero and move closer to TrumpDid Tony Blair ever mention he was quite good at winning elections? If you happened to miss it, then his 5,700-word opus on where Labour, Keir Starmer and the UK more generally have gone wrong is here to remind you. Several times.“I led the Labour party for 13 years and through three general elections,” goes the second sentence. Further on, Blair laments that when the party tries to puzzle out how to win a second term, the one thing ruled out was “learning from the only time in the party’s 120-year history it has ever done so”. Continue reading...
cnbc.com
‘The market has spoken’: Ferrari shares fall after carmaker unveils first fully electric vehicle
Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle.
theguardian.com
Nasa selects Jeff Bezos’s Blue Origin for first of three uncrewed lunar missions
Three lunar landings are planned for this year in preparation for the construction of a $20bn moon baseSign up for the Breaking News US newsletter emailNasa announced on Tuesday ambitious plans for three uncrewed lunar missions this year to kickstart construction of a $20bn moon base, and said it had chosen the Amazon founder Jeff Bezos’s Blue Origin, ahead of Elon Musk’s SpaceX, to conduct the first.The revelation by Nasa’s administrator, Jared Isaacman, at a press conference in Washington DC marked the first detailed public explanation of how and when the moon base will be built. Continue reading...
cnbc.com
Treasury yields slide after Memorial Day break as traders weigh Iran peace prospects
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell more than 6 basis points to 4.510%.
cnbc.com
Micron hits $1 trillion market cap for the first time as stock surges 19%
A global memory shortage driven by AI is spiking demand for chipmakers like Micron.
cnbc.com
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
bbc.com
Post Office investigation could be delayed by five years, police warn
The commander leading the national police inquiry says the size of the investigation team would need to double in order to meet its current timeline
cnbc.com
Pope Leo is concerned about AI replacing human work. Traders share his concern long term
The leader of the Catholic Church warned about artificial intelligence upending the labor market. Traders on Kalshi see unemployment jumping before 2030.
theguardian.com
Inquiry into Post Office Horizon scandal faces five-year delay without extra funding
Police officer in charge says budget could reach £19.3m and nearly 100 more investigators are neededThe police criminal inquiry into the Post Office Horizon IT scandal faces a five-year delay unless it is handed millions in extra funding and nearly 100 more staff, according to the chief officer in charge.The Metropolitan police commander Stephen Clayman said he needed to nearly double the number of investigators to 210 to meet a deadline of late next year or early 2028 for submitting files to prosecutors. Continue reading...
theguardian.com
Ministers urged to press ahead with UK ban on zero-hours contracts
Campaigners reject claims that tougher rules will deter hiring and lock young people out of labour marketMinisters should press ahead with a ban on zero-hours contracts, campaigners say, despite claims by business leaders that it would deter hiring and lock more young people out of the labour market.The Child Poverty Action Group (CPAG) and the union umbrella organisation the TUC were among eight signatories to a letter to the department of business and trade calling on the government to “ignore the noise” from businesses, which want zero-hours contracts to remain. Continue reading...
cnbc.com
Dropbox CEO Drew Houston to step down after 19 years at helm of cloud storage pioneer
Dropbox CEO Drew Houston, who started the cloud storage company when he was 24, plans to step down and assume the role of executive chairman.
theguardian.com
Manchester University to offer work placements to all undergraduates
Russell Group university promises students, from chemical engineering to classics, ‘meaningful real-world experience’A leading UK university is promising work placements to all undergraduates regardless of their degree, to better equip them for the challenges of the job market.In what appears to be a first for a large Russell Group institution, the University of Manchester is planning to offer “meaningful real-world experience” to all students, in subjects from classics to chemical engineering. Continue reading...
theguardian.com
The Guardian view on Britain’s economy: to profit politically a recovery must be felt in people’s pockets | Editorial
The chancellor can point to growth and lower inflation, but weak job data, flat living standards and uncertain productivity are no reason to cheerIn October 1991, the then chancellor Norman Lamont said he thought he saw some “green shoots” of recovery. He was ridiculed, as Britain was in the midst of a deep recession that it would not clamber out of until the following summer. Insouciant in the face of the scorn heaped upon him, Mr Lamont defended himself robustly, even long after the event – not least by writing letters to this newspaper. Despite this valiant defence, “green shootism” became notorious because it suggested a ruling class that was congratulating itself well before ordinary people felt a recovery.This has not stopped politicians since 2010 from claiming that Britain was bouncing back from the series of shocks it has experienced. After austerity had produced economic stagnation, George Osborne, the Tory chancellor in 2013, seized on a few quarters of growth to claim Britain was “turning a corner”. Just months before the 2024 general election, Rishi Sunak, the Conservative prime minister, said that the country was starting to see the “green shoots” of recovery. Voters resoundingly rejected that claim when Labour was elected in a landslide.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
BP shares fall after board removes chairman Albert Manifold over 'serious’ conduct concerns
The board of British energy major BP on Tuesday announced it had unanimously decided to remove Chairman Albert Manifold with immediate effect.
theguardian.com
A pension system that is unfair and unaffordable | Letters
Guardian readers respond to an article by Zoe Williams which argued that cutting the welfare bill should start with pensionsZoe Williams seeks to stimulate a debate about pensions and intergenerational inequality, but seems to have overlooked the issues surrounding the funding of public-sector defined-benefit (DB) pension schemes (All this talk about ‘difficult’ cuts, yet the largest part of Britain’s welfare bill is never mentioned. Why?, 21 May).Such schemes place enormous pressure on public finances; they typically require a more significant employer contribution – often more than 25% – compared with private-sector defined-contribution (DC) schemes, where employer contributions of around 3%-8% are typical. Continue reading...
theguardian.com
Labour set to announce crackdown on social media for children within weeks
Age limits and changes to allegedly addictive design features could be in place by the end of the yearLabour is expected to announce a social media crackdown within weeks as the prime minister, Keir Starmer, on Tuesday said he would act “very, very quickly” despite splits between campaigners and child safety experts on what the new rules should be.New limits on social media access for children could be presented before the Makerfield byelection next month after an avalanche of responses to a public consultation have been analysed with the help of an AI system called Consult and an expert panel led by an eminent paediatrician. The consultation closes on Tuesday. Continue reading...
bbc.com
Starmer vows to act on social media after meeting bereaved parents
Some parents believe whether the government will take strong enough action remains to be seen.
theguardian.com
People in Kent and Sussex asked to use water only for essentials after outages
South East Water says demand has jumped owing to extreme heat but stops short of compulsory measuresSouth East Water has asked members of the public to use water only for essential purposes after demand surged on Monday to 100m litres more than average.After water outages for hundreds of homes across Kent and Sussex over the last three days during record temperatures, the company has asked customers to use water only for drinking, washing and cooking. Continue reading...
theguardian.com
Sales of fans, ice cubes and sunscreen surge during May UK heatwave
With many homes poorly designed for extreme heat, retailers report high demand for air conditioning and outdoor shadeFans are selling at a rate of three a minute and sales of ice cubes have tripled, retailers have said, as shoppers search for everything from ice baths to cooling eye masks to combat May’s record temperatures.The UK experienced a “tropical night” on Monday after temperatures earlier in the day had hit a provisional all-time meteorological spring record of 34.8C (94.6F) at Kew Gardens in south-west London. The record was broken again on Tuesday when temperatures provisionally reached 35C (95F) at Heathrow and Kew Gardens. Continue reading...
theguardian.com
‘This can be a group project’: a podcaster’s plan to make her daughter a millionaire
Finance podcaster Jannese Torres says even finding an extra $50 to $100 a month can put kids on a path to future financial stabilityA finance coach unpacks how she retired at 40 – and the money advice she finds ‘irresponsible’Growing up, Jannese Torres only saw the men in her family making financial decisions.“The women managed the day-to-day budget and made sure all the bills got paid, but the men were the ones who had the ‘grown-up’ conversations,” she said. Financial products were something to be feared – her parents had gone into credit card debt in their 20s, forcing them to file for bankruptcy. Continue reading...
cnbc.com
Eli Lilly stock edges higher as company plans nearly $4 billion in vaccine deals
The deals are part of Eli Lilly’s effort to expand into infectious disease research and development.
theguardian.com
Italy’s top court rules against tourist refused tap water in Dolomites hotel
Woman argued water was a universal human right but court ruled no law obliged hoteliers to serve it from tapsA tourist’s simple request for a glass of tap water at a hotel restaurant in the Italian Dolomites has culminated in Italy’s top court ruling that being served water from the tap is not a consumer right, after a lengthy and costly legal saga.The case dates back to 2019 when the woman spent a week at the five-star hotel in the ski resort of Corvara, in Badia, over Christmas and new year. She was on a half-board deal with the evening meal included, except for drinks. Continue reading...
cnbc.com
'I never heard of the Strait of Hormuz before this': How one medical supply CEO is navigating the oil price shock
Medical supply company Gentell sources raw materials from around the world, and the crisis at the Strait of Hormuz is causing volatility for its business.
cnbc.com
American Airlines picks SpaceX's Starlink for in-flight Wi-Fi on more than 500 planes
American Airlines said it will install SpaceX's Starlink for inflight Wi-Fi on more than 500 of its airplanes.
cnbc.com
South Korea's Kospi hits new high amid mixed trading in Asia
Asia-Pacific markets were set to open broadly higher Tuesday, amid hopes for a breakthrough in the U.S.-Iran peace negotiations.
cnbc.com
Iran is in the 'process of blinking' over the Strait of Hormuz, Petraeus says
Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
cnbc.com
ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
cnbc.com
U.S. conducts 'self-defense strikes' in Iran as Trump pushes for peace deal
Targets included missile launch sites and Iranian boats attempting to emplace mines.
cnbc.com
Investors ‘afraid’ to take position on oil, data chiefs say as tankers face potential Hormuz fees
Oil markets fear Iran may impose fees on ships crossing the Strait of Hormuz as part of any peace deal with the U.S.
theguardian.com
‘What you see here is a wetland without water’: how the datacentre boom is exacerbating Chile’s mega-drought
The country is positioning itself as Latin America’s next technology hub, but communities are pushing backThe Andes mountains frame what was once a wetland – now a stretch of dry, yellowed grass. Rodrigo Vallejos, a final-year law student, noticed the change five years ago while observing the Quilicura wetland, on the northern outskirts of Santiago. One of Chile’s largest swamps, spanning 468.4 hectares (about 1,200 acres) and partially protected, was drying up right before his eyes.“What you see here is a wetland without water,” says Vallejos, who has investigated the causes alongside activists from the group Resistencia Socioambiental de Quilicura. “I discovered that Quilicura is home to the largest concentration of datacentres in Latin America.” Continue reading...
bbc.com
Ferry frustrations and housing concerns in Gorey
Café owners and others in Gorey tell the BBC a new freight pricing model is driving up costs.
theguardian.com
Why Trump administration’s plan to attempt to destroy Pfas is ‘nonsensical’
The EPA said it was cutting Biden-era regulations on Pfas in drinking water, but advocates say the move will harm public health and benefit industryA new Trump administration plan to ditch Pfas drinking water regulations and instead attempt to destroy “forever chemicals” on a wide scale tears a page from the fossil fuel industry’s carbon capture playbook, and will benefit the industry while harming public health.The US Environmental Protection Agency last week announced it is moving to kill strong Biden-era drinking water limits around four Pfas compounds, and delaying implementation for two more. It represented a blow to public health – advocates say strong limits and a dramatic cut in the production of the dangerous chemicals are imperative. Continue reading...
theguardian.com
BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns
Oil company is FTSE’s biggest faller as chair departs immediately after only eight months in the roleBP has removed its chair, Albert Manifold, with the oil company’s board saying it had serious concerns about “important governance standards, oversight and conduct”.The FTSE 100 company announced Manifold’s departure with immediate effect on Tuesday, without giving further details. He had lasted only eight months in the role. Continue reading...
theguardian.com
Huge rise in factory-style dairy farming of ‘battery cows’ in UK as costs rise
Investigation finds number of dairy farms where cows cannot go outside has more than doubled since 2015There has been a huge rise in factory-style dairy farming of “battery cows” in the UK as farmers struggle with increasing costs and face selling milk at a loss.The number of intensive dairy farms that permanently confine some of their cattle indoors has more than doubled in the past 10 years, an investigation by the Bureau of Investigative Journalism (BIJ) has found. Data suggests there are now at least 180 dairy farms where cows have no access to the outdoors, up from about 70 in 2015. Continue reading...
theguardian.com
Ferrari shares fall after launch of first EV as Jony Ive design proves divisive
Some analysts question whether design of Luce, starting at $640,000, lives up to sportscar brand’s heritageFerrari’s share price has dropped after it revealed a long-awaited first electric vehicle, with a minimalist look created by the former Apple design chief Jony Ive that departs from the Italian manufacturer’s petrol sportscars.The Luce, starting at $640,000 (£545,000), has a range of 329 miles (530km) thanks to its battery capacity of 122 kilowatt hours, the company said, with four motors that can accelerate from 0 to 100km/h in 2.5 seconds, with a top speed of more than 310km/h (193mph). Continue reading...
cnbc.com
Russia tells Marco Rubio U.S. citizens should leave Kyiv ahead of 'systematic' strikes on Ukrainian capital
Moscow said it would be launching “systematic and consistent strikes” on the city of Kyiv.
cnbc.com
‘A very dangerous bluff’: Mark Carney warns of Brexit-like regret if Alberta leaves Canada
The Canadian prime minister led the Bank of England when the U.K. left the European Union in 2020.
bbc.com
'I live in survival mode': The rise of the multi-job workforce
More people are taking second jobs as rising costs and insecure work reshape how we earn a living.
theguardian.com
Vape shops but no jobs: one young man’s search for work in Grimsby
The Lincolnshire seaside town is often written off by YouTubers as a place defined by deprivation and decline. But for many young people it's a place they love and are proud to call home, even though high unemployment limits their opportunities. The Guardian follows 19-year old Cohen, who is desperate to find a permanent job while running a mascot hire company and chasing his dream of becoming a professional wrestlerThis video is part of a year-long project, Against the tide, from the Guardian’s Seascape series, reporting on the lives of young people in coastal communities across England and Wales Continue reading...
theguardian.com
Ofgem should tell it straight: electricity prices are set to stay high for years | Nils Pratley
Regulator could do us all a favour with clear multi-year forecasts and breakdowns of electricity pricingIt is easy to predict where the energy regulator will set the next quarterly price cap on Wednesday. It’s just a matter of tracking wholesale prices in Ofgem’s relevant backward-looking “observation period”. Energy consultant Cornwall Insight thinks the typical household bill be £1,850, an increase of £209 from the previous quarter. It will be surprising if it is out by more than a few quid.One can also make a fair guess at the regulator’s messaging. It will talk about the unavoidable impact from the surge in energy prices that followed the closure of the strait of Hormuz. It may also say the increase would be even greater than 13% without the additional wind and solar generation on the system these days. Fair enough. Gas sets the wholesale price of electricity only 60% of the time now, down from 90% not long ago. Continue reading...
bbc.com
Next boss warns of 'dramatic' fall in entry-level jobs
Lord Wolfson tells the BBC Next now typically receives double the number of applicants for one role than it did two years ago.
theguardian.com
NS&I failures pile on the agony for bereaved families chasing missing premium bonds
Errors and delays in tracing accounts at the trusted savings institution have compounded the stress of relatives losing loved ones“It has been more than a year of hell,” says Kate Constable about the time it took to claim £46,000 in premium bonds belonging to her late mother.The process was drawn out because National Savings and Investments (NS&I) rules mean anyone claiming a savings pot of more than £5,000 must obtain probate first. Continue reading...
cnbc.com
CNBC Daily Open: Markets optimism tested by fresh Iran strikes
U.S. officials suggested a deal with Iran is near, but strikes continue, creating a complex trading picture for Wall Street's reopening.
theguardian.com
‘I’m throwing everything at it’: one young man’s search for a job in Britain’s ‘worklessness capital’
High unemployment and a lack of support mean life can be tough in Grimsby, but 19-year-old Cohen is determined to make the best of life in this coastal townIt’s mid-afternoon in the Lincolnshire seaside town of Cleethorpes and Cohen is sitting in the back seat of a car putting on an Easter bunny outfit. A group of teenagers nearby stare in amusement. Cohen isn’t fazed. He is hoping we can take some new photographs that he can use to advertise his mascot business for the upcoming holidays.Cohen, 19, lives with his parents a couple of miles down the road in neighbouring Grimsby and set up Co Co Mascots last year as one of his many attempts to find work. People can hire him in one of the outfits for birthday parties, events and doorstep surprises for children. He’s done a few paid gigs so far, which has been a boost for his confidence, he says, but what he really wants is a permanent job.Cohen, who is looking for a permanent job, makes money as a mascot at birthday parties and events Continue reading...
theguardian.com
Has BHP shown its true colours? | Fiona Katauskas
It’s not easy being greenSee more of Fiona Katauskas’s cartoons here Continue reading...
theguardian.com
Decommissioned power station's chimneys crash to the ground in livestreamed demolition – video
AGL has destroyed two giant chimney stacks at the defunct Liddell coal-fired power plant. The power station in the NSW Hunter Valley closed in 2023 after operating for more than 50 yearsRead more: Power bills to fall by up to 10% from July as renewables and batteries soar across Australia Continue reading...
bbc.com
The rise of the fruit that tastes like custard
Custard apple plants are prized for their hardiness but exporting their delicate fruit is difficult.
theguardian.com
Nurseries in England charging extra fees to cover funding gap, campaigners say
Head of Early Years Alliance says additional charges paid by parents represent ‘cross-subsidy’Parents of nursery children in England are being charged extra fees to cover for government underfunding of free childcare hours, with some paying thousands of pounds a year for consumables such as food, wipes and nappies, campaigners have said.The comments came as the education secretary, Bridget Phillipson, asked the competition watchdog to investigate hidden extra charges that parents have encountered when trying to access government-funded childcare. Continue reading...
bbc.com
This beach hut costs the same as a three-bedroom house
A beach hut has gone on the market for £200,000 - the same price as some houses further along the Welsh coast.
theguardian.com
Delivery robots are spreading across LA. Residents ‘both pity and hate them’
A region known for its lack of walkability now has more obstacles for pedestrians to contend withRobots have taken over Los Angeles.It’s not just the AI-generated videos that have caused angst in Hollywood. Our streets are full of driverless Waymo vehicles, covered in more sensors and gadgets than the Batmobile. And our walkways are home to fleets of boxes on wheels, hurrying past pedestrians and navigating outdoor bar-hoppers as the robots deliver smoothies and keto-friendly salads. Continue reading...
bbc.com
Oil prices slide on hopes of US-Iran peace deal
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
cnbc.com
When are prediction markets most helpful? Evercore ISI has a formula
Evercore ISI strategists provide insight for when prediction markets are useful for forecasting.
theguardian.com
The BHP files: World’s biggest miner BHP backtracks on climate action with key projects put on ice, leaked documents reveal
Exclusive: Cache of internal documents leaked to the Guardian and the ABC’s Four Corners show multinational has war-gamed ways to massively delay decarbonisationRevealed: the internal BHP memo that slammed the brakes on world’s biggest miner’s climate pushRead more from the BHP files investigation hereGet our breaking news email, free app or daily news podcastThe world’s biggest miner has halted or delayed projects to cut vast amounts of emissions and has quietly war-gamed options to push major climate investments in its Western Australian iron ore operations into the next two decades, internal documents show.An exclusive investigation based on documents leaked to the Guardian and the ABC’s Four Corners can reveal that BHP, one of Australia’s biggest historic emitters, has dumped plans for a facility that could have significantly reduced emissions and has put on ice renewable projects designed to power its iron ore operations in the vast, resource-rich Pilbara region. Continue reading...
theguardian.com
Exclusive: Leaked documents show BHP’s climate backtrack - podcast
Nour Haydar speaks with Christopher Knaus about the BHP files – the cache of internal documents leaked to the Guardian and the ABC’s Four Corners – which show that the world’s biggest miner has war-gamed ways to massively delay decarbonisationAdditional audio in this episode was sourced by Financial Times LiveRead more: Continue reading...
theguardian.com
A year after nationalisation, is South Western Railway delivering?
Rail minister Peter Hendy says fast rollout shows reforms are working as questions over reliability remainSouth Western Railway’s newest train, wrapped in union jack-inspired Great British Railways livery, may divide opinion on aesthetics, but the interior is certainly an upgrade: air-conditioned carriages, more space and greater passenger capacity.For ministers, the fact that it is the 45th Arterio model brought into service since the SWR network was nationalised is vindication of the GBR approach. Continue reading...
theguardian.com
Ministers urged to act as households in Great Britain face energy bill ‘anxiety’
Under government’s price cap typical gas and electricity bills are forecast to rise by £209 from this summerMinisters face growing calls to cut utility bills as millions of households in Great Britain face energy cost “anxiety,” with gas and electricity costs forecast to rise to almost £1,900 from this summer.The typical dual-fuel bill is expected to climb by nearly 13% under the government’s energy price cap, adding £209 a year to household costs, in a blow to families already hit by rising prices for essentials. Continue reading...
bbc.com
How Saudi Arabia's spending spree reached the end of the line
MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten
bbc.com
Beer boom goes flat as breweries call last orders
The UK's brewery scene is shrinking as pubs close, costs rise and drinking habits change.
bbc.com
Morocco wants tourists to visit Western Sahara. Some say it's tightening its control
The Moroccan government wants more Western holidaymakers to visit the territory it claims to own.
bbc.com
Indian billionaires buy foreign companies as growth slows at home
India Inc spent $18bn on global buyouts in 2025 and the deal value could cross $15bn in the first half of 2026.
bbc.com
'Shameful' more spent on benefits than jobs for young people, says Milburn
Reforms are needed of the welfare system to tackle the high numbers of young people not in work or education, says Alan Milburn.
bbc.com
'Six eggs used to be £1' - why everyday essentials cost so much more now
Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?
bbc.com
The Leeds designer outlet that's 15 miles from Leeds
A rebrand of the junction 32 retail park off the M62 has gone down poorly with some locals in Castleford.
theguardian.com
Final frontier for meds? UK startup sends drug-making into space
BioOrbit hopes drug-crystallisation technology will lead to self-injected cancer treatment that could save millionsOnboard a SpaceX flight last week was a remarkable piece of cargo – a hi-tech box destined for the International Space Station to grow ultra-pure protein crystals, with the aim of producing self-injected cancer drugs.A British startup, BioOrbit, has developed the drug-crystallisation technology at its labs in London and launched Box-E, a compact unit the size of a microwave, on the 15 May rocket from Kennedy Space Center in Florida. Continue reading...
bbc.com
SpaceX launches massive Starship V3 rocket on test flight
The largest and most powerful rocket in history blasted off after its first attempted launch was postponed.
bbc.com
UK sees hottest day of year as bank holiday travellers face queues
Temperatures hit 28.4C in parts of England on Friday, while delays have been reported at the Port of Dover and Birmingham Airport ahead of the bank holiday weekend.
bbc.com
AI may speed up search for drugs to treat brain conditions
Researchers hope the work will help identify affordable, effective drugs to treat conditions like MND.
bbc.com
Bank boss sorry after describing workers as 'lower value human capital'
The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.
bbc.com
Trump wants new Fed chair to be 'totally independent'
The US president piled major pressure on Kevin Warsh's predecessor to cut interest rates.
bbc.com
Why are unpaid debt court cases rising?
Why are unpaid debt court cases rising?
bbc.com
Morrisons planning to close 100 stores in next few months
It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".
bbc.com
Stop blaming young people for being unemployed, says Amazon's UK boss
John Boumphrey says the education system "isn't necessarily producing young people who are ready for work".
bbc.com
Why thousands of stock trades tied to Trump are raising eyebrows
The BBC's Michelle Fleury looks at trades disclosed by the president.
bbc.com
Laura Pomfret - CCJs, decrees and unpaid court debts
Laura Pomfret - CCJs, decrees and unpaid court debts
bbc.com
Love factually: Dating start-ups promise to cut the cheats
Frustration with fake dating profiles has spurred new dating services with different approaches.
bbc.com
The fight against foreign developers buying Caribbean beaches
Campaigners in Barbuda, Grenada and Jamaica say they can no longer access their coastlines.
bbc.com
Robo-top: The machines that could make your next t-shirt
Most clothes are made in Asia, but new machines could bring some of that work back to the West.
bbc.com
Why does Amazon have no Western rivals?
The internet giant dwarfs other online retailers on both sides of the Atlantic.
bbc.com
Rise in solar panel sales as people 'want to save money'
One director, who has just bought 2,000 panels, hopes to safeguard the company's future bills.
bbc.com
Inside the secretive and lucrative world of orchid breeding
It can take a decade to bring a new orchid to market, so breeders keep their hi-tech processes secret.
bbc.com
Smart glasses are 'an invasion of privacy' - Meta's are selling better than ever
The biggest tech firms are set to sell millions of smart glasses despite growing privacy concerns.
bbc.com
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.com
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
bbc.com
The £5.30 orange juice that tells the story of why supermarket prices are sky high
Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why
bbc.com
Prepare for turbulence - how a prolonged Middle East conflict could reshape how we fly
The Gulf's hub airports made long-distance travel cheaper - but now their future looks unclear.
bbc.com
Sir John Curtice: Why Labour's Brexit focus has shifted from Leavers to Remainers
Will the pursuit of a closer relationship with the EU risk courting electoral disaster by alienating Brexit-backing voters?
💬 Comments